Market Insider

Markets look for lots of action in President Trump's first week

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El-Erian: Market embraces pro-growth elements of Trump policies

Donald Trump finally has the power of the presidency and markets are braced for lots of action.

Expectations are high for a flurry of excitement and activity from Washington in the week ahead as President Trump gets to work. But markets probably will not yet get much in the way of clues on how quickly the new administration will push the tax and growth policies that have driven both stocks and interest rates higher.

Trump is expected to make the repeal of Obamacare a priority. He is also seen moving quickly on the topics of trade with Mexico, immigration and regulations in areas like energy. However, it's less likely that there will be much new on the programs markets care about most since they also must wind through Congress.